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1428

Bright Smart Securities & Commodities Group SEHK:1428 Stock Report

Last Price

HK$1.33

Market Cap

HK$2.3b

7D

0%

1Y

-37.0%

Updated

16 May, 2022

Data

Company Financials
1428 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends5/6

1428 Stock Overview

Bright Smart Securities & Commodities Group Limited, an investment holding company, provides financial services in Hong Kong.

Bright Smart Securities & Commodities Group Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Bright Smart Securities & Commodities Group
Historical stock prices
Current Share PriceHK$1.33
52 Week HighHK$2.30
52 Week LowHK$1.16
Beta1.42
1 Month Change-7.64%
3 Month Change-12.50%
1 Year Change-36.97%
3 Year Change-12.50%
5 Year Change-42.67%
Change since IPO-23.56%

Recent News & Updates

Aug 19
Bright Smart Securities & Commodities Group's (HKG:1428) Shareholders Will Receive A Smaller Dividend Than Last Year

Bright Smart Securities & Commodities Group's (HKG:1428) Shareholders Will Receive A Smaller Dividend Than Last Year

Bright Smart Securities & Commodities Group Limited ( HKG:1428 ) is reducing its dividend to HK$0.13 on the 9th of...

Jul 30
Bright Smart Securities & Commodities Group's (HKG:1428) Shareholders Will Receive A Smaller Dividend Than Last Year

Bright Smart Securities & Commodities Group's (HKG:1428) Shareholders Will Receive A Smaller Dividend Than Last Year

Bright Smart Securities & Commodities Group Limited ( HKG:1428 ) has announced it will be reducing its dividend payable...

Shareholder Returns

1428HK Capital MarketsHK Market
7D0%0.3%-0.03%
1Y-37.0%-26.6%-24.4%

Return vs Industry: 1428 underperformed the Hong Kong Capital Markets industry which returned -26.6% over the past year.

Return vs Market: 1428 underperformed the Hong Kong Market which returned -24.4% over the past year.

Price Volatility

Is 1428's price volatile compared to industry and market?
1428 volatility
1428 Average Weekly Movement5.3%
Capital Markets Industry Average Movement8.0%
Market Average Movement8.0%
10% most volatile stocks in HK Market14.8%
10% least volatile stocks in HK Market3.9%

Stable Share Price: 1428 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 1428's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1995259Edmond Huihttps://www.bsgroup.com.hk

Bright Smart Securities & Commodities Group Limited, an investment holding company, provides financial services in Hong Kong. It operates through three segments: Securities Broking, Commodities and Futures Broking, and Bullion Trading. The company offers securities, commodities, and futures and stock options brokerage services; margin financing services; initial public offering brokerage and financing services; and forex and bullion trading services.

Bright Smart Securities & Commodities Group Fundamentals Summary

How do Bright Smart Securities & Commodities Group's earnings and revenue compare to its market cap?
1428 fundamental statistics
Market CapHK$2.26b
Earnings (TTM)HK$652.76m
Revenue (TTM)HK$1.24b

3.5x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1428 income statement (TTM)
RevenueHK$1.24b
Cost of RevenueHK$0
Gross ProfitHK$1.24b
Other ExpensesHK$591.31m
EarningsHK$652.76m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.38
Gross Margin100.00%
Net Profit Margin52.47%
Debt/Equity Ratio345.6%

How did 1428 perform over the long term?

See historical performance and comparison

Dividends

9.8%

Current Dividend Yield

34%

Payout Ratio

Valuation

Is Bright Smart Securities & Commodities Group undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 1428 (HK$1.33) is trading below our estimate of fair value (HK$3.08)

Significantly Below Fair Value: 1428 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1428 is good value based on its PE Ratio (3.5x) compared to the Hong Kong Capital Markets industry average (8.2x).

PE vs Market: 1428 is good value based on its PE Ratio (3.5x) compared to the Hong Kong market (8.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1428's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1428 is overvalued based on its PB Ratio (1x) compared to the HK Capital Markets industry average (0.5x).


Future Growth

How is Bright Smart Securities & Commodities Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.3%

Forecasted Diversified Financials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bright Smart Securities & Commodities Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Bright Smart Securities & Commodities Group performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


16.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1428 has high quality earnings.

Growing Profit Margin: 1428's current net profit margins (52.5%) are lower than last year (54.2%).


Past Earnings Growth Analysis

Earnings Trend: 1428's earnings have grown by 16.4% per year over the past 5 years.

Accelerating Growth: 1428's earnings growth over the past year (7.8%) is below its 5-year average (16.4% per year).

Earnings vs Industry: 1428 earnings growth over the past year (7.8%) underperformed the Capital Markets industry 17.9%.


Return on Equity

High ROE: Whilst 1428's Return on Equity (29.61%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Bright Smart Securities & Commodities Group's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1428's short term assets (HK$11.6B) exceed its short term liabilities (HK$9.6B).

Long Term Liabilities: 1428's short term assets (HK$11.6B) exceed its long term liabilities (HK$4.2M).


Debt to Equity History and Analysis

Debt Level: 1428's net debt to equity ratio (314.7%) is considered high.

Reducing Debt: 1428's debt to equity ratio has increased from 147.2% to 345.6% over the past 5 years.

Debt Coverage: 1428's debt is well covered by operating cash flow (237.2%).

Interest Coverage: Insufficient data to determine if 1428's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Bright Smart Securities & Commodities Group current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


9.77%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 1428's dividend (9.77%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.93%).

High Dividend: 1428's dividend (9.77%) is in the top 25% of dividend payers in the Hong Kong market (7.81%)


Stability and Growth of Payments

Stable Dividend: 1428's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1428's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (33.8%), 1428's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (1.2%), 1428's dividend payments are thoroughly covered by cash flows.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.6yrs

Average management tenure


CEO

Edmond Hui (47 yo)

6yrs

Tenure

HK$7,767,000

Compensation

Mr. Yik Bun Hui, also known as Edmond, has been the Chief Executive Officer of Bright Smart Securities & Commodities Group Limited since May 31, 2016. Mr. Hui served as a Co-Chief Executive Officer of Brig...


CEO Compensation Analysis

Compensation vs Market: Edmond's total compensation ($USD989.43K) is above average for companies of similar size in the Hong Kong market ($USD301.79K).

Compensation vs Earnings: Edmond's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: 1428's management team is seasoned and experienced (10.6 years average tenure).


Board Members

Experienced Board: 1428's board of directors are seasoned and experienced ( 11.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bright Smart Securities & Commodities Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Bright Smart Securities & Commodities Group Limited
  • Ticker: 1428
  • Exchange: SEHK
  • Founded: 1995
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Implied Market Cap: HK$2.257b
  • Shares outstanding: 1.70b
  • Website: https://www.bsgroup.com.hk

Number of Employees


Location

  • Bright Smart Securities & Commodities Group Limited
  • Wing On House
  • 10th Floor and 23th Floor
  • Central
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/05/16 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.